Family offices worldwide are accelerating their digital transformation, according to Deloitte Private's 'Family Office Insights Series: Digital Transformation of Family Office Operations'. 43% of family offices are developing or rolling out technology strategies that emphasize security and risk control, and 17% view inadequate investment in technology as a core risk.

The survey covered 354 single family offices with an average of US$2 billion in assets under management, finding that 55% of family offices use data analytics to identify trends and patterns for better decision-making, while 12% adopt AI for task automation, portfolio optimization and risk management.